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re: Did you get an inheritance? Or some financial gift?
Posted on 10/20/23 at 2:59 pm to fareplay
Posted on 10/20/23 at 2:59 pm to fareplay
My wife had a great uncle that left us a bit and some for my kids education.
I'm a homebuilder. What I plan to do for my 2 boys is build them a house at cost. Teach them how to do that every 2 years, build and sell. Do this until they have no mortgage.
If I can do that, and they can follow through, they should be set if they are smart.
My wife and I are insured with whole life policies for 1.5 mil apiece. We plan on using that as part of our retirement. If something happens to us before then, they will start out with 1.5 apiece.
Obviously we are setting up a trust so it will be managed properly.
I'm a homebuilder. What I plan to do for my 2 boys is build them a house at cost. Teach them how to do that every 2 years, build and sell. Do this until they have no mortgage.
If I can do that, and they can follow through, they should be set if they are smart.
My wife and I are insured with whole life policies for 1.5 mil apiece. We plan on using that as part of our retirement. If something happens to us before then, they will start out with 1.5 apiece.
Obviously we are setting up a trust so it will be managed properly.
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